Morgan Dempsey Capital Management LLC reduced its stake in shares of Hardinge Inc. (NASDAQ:HDNG) by 6.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 66,868 shares of the industrial products company’s stock after selling 4,934 shares during the quarter. Morgan Dempsey Capital Management LLC’s holdings in Hardinge were worth $1,165,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. OxFORD Asset Management LLP acquired a new position in Hardinge during the third quarter worth about $639,000. EAM Investors LLC acquired a new position in Hardinge during the third quarter worth about $742,000. Dimensional Fund Advisors LP grew its position in Hardinge by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,087,045 shares of the industrial products company’s stock worth $13,501,000 after buying an additional 17,470 shares during the period. Algert Global LLC grew its position in Hardinge by 66.6% during the fourth quarter. Algert Global LLC now owns 209,894 shares of the industrial products company’s stock worth $3,656,000 after buying an additional 83,931 shares during the period. Finally, Bailard Inc. purchased a new stake in shares of Hardinge in the fourth quarter valued at about $643,000. Institutional investors own 70.12% of the company’s stock.

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Separately, ValuEngine raised shares of Hardinge from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.

Shares of Hardinge Inc. (HDNG) opened at $18.41 on Friday. Hardinge Inc. has a fifty-two week low of $9.97 and a fifty-two week high of $19.47. The stock has a market cap of $238.48, a PE ratio of 21.59 and a beta of 0.87.

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